Quotes

Martha Coakley in Massachusetts Attorney General The question of appropriate assignee liability for some loans remains of great concern to our office,said Attorney General Coakley. "While we are not proposing a regulation at this time, we have not ruled out proposing additional...

Bob Ney in Seattle Post Intelligencer These strict (state) assignee liability laws threaten the availability of credit, frankly, in the subprime market,Ney said as he opened a June 2004 hearing focused on the subject. "Acting as a usury cap on mortgage lending, these laws...

Stephen Breyer in CNNMoney.com History and precedent make clear that such an assignee has long been permitted to bring suit,Justice Stephen Breyer wrote in the majority ruling.